COMMERCIAL.

Temuka Leader, Issue 1082, 13 March 1883, Page 1

COMMERCIAL.

TIMAETJ MARKETS

Messrs Maclean and Stewart report for the past week ending Saturday as follows :

Horses—The entry comprised 33 head of ill classes, principally light harness horses and hacks, with a few very fair draughts. For the latter there was a decided improvement both in the demand and price, and this is likely to continue. Owners may look forward to obtaining better rates than those ruling for some time back. They sold 21 bead at—For medium to good dra ughts £22 to £34 ; inferior, £ls to £lB ; hacks and light harness horses, medium £lO to £ls 10s ; light and weedy, £5 to £B.

Cattle—They have no transactions to report. Beef may be quoted at 20s per lOC lb. The/ have enquiries for a few good quality bullocks. There is nothing doing in store cattle, the only enquiry being for well-grown steers, which are not to be had.

Sheep. —The demand for store sheep still continues brisk, an immense number having changed hands in the district during the week. At the Studholme j Junction monthly sale on Monday they Fold, on account of Mr M. Studholme, 500 fat cross-bred ewes at 12s, 50 2-tooth merino rams at £2 2s and 230 ; cull 2-teoth ewes at 7s. They also sold 1700 cross-bred ewes at 9s 2d. Pri vately during the week they disposed of 3000 merino ewes and 1500 fat crossbred ewes and wethers at satisfactory prices.

Country Sale—On Wednesday they held a clearing sa?e on account of Mr John Kelland, jun, at his farm, Kakahu, Tlip attendance was the largest tliey have seen for years, and as every lot offered was good of its kind, the Lidding throughout the day was animated aud

prices realised were remarkably good. Draught horses sold from £24 to £33 10s ; steers, £6 per head ; heifers, £4; 800 cross-bred ewes, lis 3d ; Leicester rams, from 3to guineas. Implements and harness also sold well.

The manager of the Farmers' Cooperative Association reports the price of wheat as ranging from 4s to 4s 2d, about the same as last week ; and oats from Is 8d to 2s, according to quality.

AUSTRALIAN MARKETS

Adelaide March 9.

Wheat to-day is quoted at 5s sd, The marketis quiet and but little is doing, holders being unwilling to operate except at highest prices. Town flour is quoted at £l2 10s, and country brands £ll 10s.

Sydney March 9

New Zealand wheat is quoted at 4f= 2d, and New Zealand oats at 2s 6'd, Maize is worth 3s, and Sugar Company's No 1 pieces £35.

ENGLISH MARKETS. London, March 6. At to-day's wool sal? 12,500 ba'es were offered. Less demand was experienced, and prices were occasionally easier, excepting the Port Philip and Sydney good greasy and good combing wools. Generally for these descriptions prices are firm.

The markets tor colonial breadstuffs and tallow are weak, but quotations are without change.

March 7

At the woo! sale to-day 11,900 bales were catalogued. There was a good demand for fine wools, but inferior ancl medium qualities were neglected.

March 8,

The cargo of frozen mnlton ex steamship Sorrento, from Port Chalmers, has now all been disposed of at an average of 6|d per lb. From the National Mortgage and Agency Company's (Limited) report, dated London, January 25th, we make the following extracts :

WOOL. With trade generally depressed throughout the country, in consequence of the excessive wet weather and mi'd winter, it may be, as many of those engaged in the wool trade seem to think that at the forthcoming auctions prices will have to give way considerably if any business of moment is to be done ; just at present rates are pretty fiimly upheld, but buyers are only purchasing what is absolutely necessary for their wants, and are holding out as for as possible until the public sales shall commence next month. To date the arrivals reach over 180,000 bales, of which over 30,000 are from the Cape, the bulk comprising much choice wool from Sydney and Port Philip, for which competition is sure to be somewhat brisk. Unfortunately much of the ne<v clip, purchased at the November auctions, has proved disappointing as regan'g yield, and this partial confirmation of the previously reported defpcts of the season's produce, will, it is anticipated, induce caution on the part of many buyers. The largo quantity of 7000 bales of Australian is to be offered at Antwerp this month, and the prices obtained inay be some criterion of those which will rule at the forthcoming auctions in London. Current prices of New Zealand wools are as follows : Superior fleece, Is 9d to Is lid ; average to good, Is 6d to Is 3d ; inferior to average, Is 2d to Is s|d ; superior scoured, Is 10£d to 2s average to good, Is to Is lOd ; grease, 10|d to Is l|d ; inferior, 7d to lOd.

WHEAT. The only arrival since last mail is the Pampero, bringing two small parcels of wheat, say 24 sacks and 2139 sacks. There has been a good demand for this class at improved values, say 47s to 48s for fine long berried ; 46s to 46s 6d secondary ; 44s 6d to 46s fine short ; 438 to 43s secondary, and 40s to 41s for parcels out of condition, all per 4961 b, ex granary. In new wheat for forward shipment, no business has transpired, but a cargo for February March shipment is offered at 45s per 4801 b, c.f. and i., U.K., which appears to be above buyers' ideals, but it is satisfactory to learn that reports as to the crop arc very favorable.

BARLEY, fhe Pampero also brought 410 sacks of barley, and we quote finest quality 33s to 36s ; ordinary, 31s to 32s per 4481 b. OATS. Pine heavy oats, 30s to 31s per 3 '4lb ; ordinary feed, 24s to 25s per 3361 b. BEANS AND PEAS. Fine beans, 31s 6d to 42s ; broken, 39s 6d to 40s per 5041 b. Finest boiling peas, 41s to 42s ; finp, 38s to 39k ; feeding, 37s to 38* per 5041 K Seed peas realise long figures, according to their description. GRASS SEED. Sound rye nominally 29s to 30s ; out of condition, 25s to 25s per 4801 b. NEW ZEALAND HEMP. The firft public sales of the year were held on January 10th. There was vpry little demand, and more than half the quantity offered was bought in. Uf 428 bales, 200 sold ; fair half dressed afc £2l 5s to £22s, 15s and drefsed at £25 to £26 15s. The stock is still heavy as compared with that in baud at this time last year.